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$899,900
202623554 MLS
A rare, exceptional investment opportunity on Central Avenue, Albany's historic main commercial artery, stretching from near downtown Albany out toward Schenectady. This mixed-use building sits on a dense urban retail corridor with steady drive-by and foot traffic, offering the kind of diversified, multi-income-stream asset that's hard to find fully stabilized and available at once. Two ground-floor storefronts anchor the property, both currently leased, a thriving smoothie shop and an established mobile phone retailer, delivering strong, proven retail income from day one. A private entrance leads to four fully rented apartments in a mix of 1, 2, and 3-bedroom layouts, adding stable, diversified residential cash flow that balances the commercial income and reduces overall vacancy risk. At the rear of the building, a leased warehouse is accessed via two private garages, and here's where this deal separates itself from the pack: there's untapped square footage with the potential to be built out into an additional income-producing unit, or even converted into self-storage, giving an investor a clear, low-cost path to force appreciation and boost returns well beyond current in-place income. Opportunities like this, fully leased, diversified, and positioned for upside, don't sit on the market long. Schedule your showing today.

83 Central Avenue

$249,999
3 Beds 3 Baths 202623411 MLS
Welcome to maintenance-free living in the highly sought-after Point of Woods community! This spacious 3-bedroom, 2.5-bath end-unit townhouse offers a bright, comfortable layout with an abundance of natural light. The main level features a generously sized living room, formal dining area, an eat-in kitchen with abundant cabinetry, and a stunning brick wood-burning fireplace with sliding glass doors leading to a private, fully fenced patio--perfect for relaxing or entertaining. Upstairs, you'll find a spacious primary suite with an en-suite bath and multiple closets, along with two additional bedrooms and a second full bath. The full basement offers laundry, abundant storage, and exceptional potential for additional finished living space, complete with an existing shower, sink, and toilet. Enjoy all that Point of Woods has to offer, including a swimming pool, tennis and basketball courts, a recreation center, plus lawn care, snow removal, and exterior maintenance provided by the HOA. Conveniently located just minutes from shopping, restaurants, major highways, and just steps from the Pine Bush Preserve with miles of scenic walking and hiking trails.

137 Point Of Woods Drive

$399,900
8 Beds 4 Baths 202623231 MLS
** Multiple offers- Best and final deadline is Monday, August 10 @ 5 PM** Exceptional investment opportunity in Albany's highly sought-after Pine Hills neighborhood! Whether you're looking to expand your portfolio or secure a strong income producing property, this well-maintained four-unit offers the perfect blend of immediate cash flow and long-term potential. Both of the second floor units are currently occupied by long-term month-to-month tenants.First floor left unit expected to be rented shortly, making this an attractive opportunity for both seasoned investors and owner-occupants alike. Each apartment features comfortable living spaces, functional layouts and beautiful hardwood floors creating spaces that are consistently appealing to tenants. The property has been maintained with vinyl replacement windows throughout, a new boiler and hot water heater (2025), and all Rental Occupancy Permits (ROPs) are current, providing added peace of mind. Located just minutes from Albany's colleges, hospitals, restaurants, parks, shopping, and major highways, this property enjoys a prime location in one of the Capital Region's most desirable rental markets. With a proven rental history, low-maintenance updates, and strong demand, this is a rare opportunity to own a turnkey multifamily.

101 S Pine Avenue

$259,900
8 Beds 2 Baths 202623201 MLS
Excellent opportunity for both investors and owner-occupants! This spacious two-family property features two 4-bedroom units, offering exceptional income potential and flexible living arrangements. The first-floor unit is occupied by a long-term tenant paying $2,000 per month through a full assistance program, providing reliable rental income from day one. The second-floor unit is vacant, giving buyers the opportunity to move right in or lease it at current market rent to maximize cash flow. With generous room sizes, separate living spaces, and strong investment potential, this property is ideal for building equity while offsetting your mortgage or expanding your rental portfolio. Conveniently located near downtown Albany, major highways, shopping, restaurants, schools, hospitals, and public transportation, this is a versatile property you won't want to miss!

19 Stanwix Street

$334,000
3 Beds 4 Baths 202623045 MLS
Opportunity awaits, 2 FAMILY POTENTIAL. 50 years of cherished single family ownership, this stunning Victorian home, timeless character is ready to welcome a new owner/investor. New gourmet kitchen with premium Bosch appliances, new boiler, new chimney liner, roof and front porch maintenance, repairs in progress. Three full bathrooms -- one conveniently located on each floor. 2nd and 3rd floors each offer partial kitchens. Spacious living areas including an elegant living room, a charming library with a cozy window seat, and an oversized formal dining room perfect for gatherings. There is room for everyone, with additional living space available on the third floor. Unwind on the private back deck or relax on the inviting front porch. Ideally located near hospitals, shopping, restaurants, entertainment, and just steps from three bus lines, this exceptional Victorian blends historic charm with modern comfort in a truly convenient location. Home is currently assessed at $389,900. Listing agent will assist the buyer to file a tax grievance, May 2027. Ductless A/C to be sold as is, operating but older units. Electric thermostat, baseboard heat on the 3rd floor, sold as is.

52 S Allen Street

$219,900
4 Beds 2 Baths 202623034 MLS
Move-In Ready Two-Family in Albany - Ideal for Owner-Occupants or Investors! Don't miss this excellent opportunity to own a well-maintained two-family home on a quiet street. One unit is vacant and move-in ready, making it perfect for an owner-occupant looking to offset their mortgage with rental income, or for an investor seeking immediate occupancy. The first-floor unit includes the convenience of an in-unit washer and dryer. Both apartments feature spacious kitchens with separate dining areas, providing comfortable and functional living spaces. The second unit has strong income potential with an estimated rental value of $1,275 per month. This property has been updated with a handful of upgrades throughout, including a newer roof and windows. Conveniently located near restaurants, shopping, and major highways, this property offers easy access to everyday amenities and commuting routes. Whether you're expanding your investment portfolio or searching for a home with built-in income potential, this versatile duplex is a must-see!

851 Livingston Avenue

$399,000
4 Beds 2 Baths 202622985 MLS
Welcome to 87 Tampa Avenue, tucked away on a quiet dead-end street in one of Albany's most desirable neighborhoods. The home is within walking distance of Buckingham Pond and close to shopping, highways, colleges, hospitals, and numerous New York State offices. Move-in ready and thoughtfully updated, this four-bedroom, two-bath offers a bright, open-concept layout designed for both everyday living and entertaining. The living and dining areas flow seamlessly into the spacious, updated kitchen, with plenty of room to gather. Beautifully maintained hardwood floors add warmth and character throughout the upper level, while the generously sized bedrooms provide comfortable and flexible living space. The lower level offers exceptional flexibility, featuring a second living room with direct access to the backyard, a fourth bedroom, a full bathroom, a dedicated laundry area, and a large walk-in cedar closet. It is an ideal setup for guests, remote work, additional living space, or multigenerational living. Complete with an attached one-car garage, a recently widened driveway, a fenced backyard, and convenient access throughout the Capital Region, 87 Tampa Avenue is ready for its next owner. .

87 Tampa Avenue

$368,000
3 Beds 3 Baths 202622886 MLS
OPEN HOUSE FRIDAY 08/07 FROM 05-7PM. In the heart of Albany's vibrant Center Square neighborhood, this well maintained historic duplex offers timeless character, flexible living space, and an exceptional location. High ceilings, hardwood floors, original architectural details, and decorative fireplaces create warmth and personality throughout. The first unit spans two levels and features an open, spacious layout, 1.5 baths, in unit laundry, and an updated kitchen with stainless steel appliances. Both units enjoy access to a private, fenced backyard a peaceful retreat in the middle of the city. Just moments from Washington Park, Empire State Plaza, restaurants, cafés, entertainment, and the many conveniences of Lark Street. Whether you are looking to owner occupy while generating rental income, expand your investment portfolio, or enjoy the flexibility of a two family property, 282 Lark Street is a rare opportunity to own a piece of Albany's history.

282 Lark Street

$329,777
6 Beds 3 Baths 202622735 MLS
When this home was built, it was part of an area where many of Albany's well-to-do residents lived. Today, it sits in the shadow of the Governor's Mansion, still in use, adding to the significance of the location. As the name suggests, the property overlooks a wonderful park out back, giving tenants great views from the yard and even better ones from their balconies. There's also a great alley behind the property, offering convenient access and additional space. Much of the original detail remains inside, including the woodwork and floors, while the exterior offers strong curb appeal. You can almost imagine what life was like on this street during the Victorian era, with horse-drawn carriages passing by. One of the neighboring multi-family homes recently sold, further supporting the appeal of this unique and historic location. The structure appears to be rock solid, and many of the systems have been updated over time, including a roof improvement and full deck replacement approximately 10 years ago. All of the apartments have also been renovated within the last 10 years, adding to the property's overall condition and appeal. With some vision, you can imagine how this property could truly shine. This is a solid rental opportunity, and it's also worth considering for a first-time homebuyer--live in one unit while the other two help cover much of your expenses. A great opportunity in the right setting. Own a piece of Albany history and live in the heart of the state's capital alongside its leadership.

52 Park Avenue

$2,300,000
10 Beds 11 Baths 202622723 MLS
(162-170 Jefferson St) is 8 apartments + The Palais Royale Bar & Grill, a well-known successful neighborhood institution since 1931. The sale includes 4 adjoining buildings, the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR each unit. 168: 3 units -- 2 upstairs apts (3BR total). First floor is an open 1,860 sqft ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? 24/7 income potential. Ideal for investors, owner-operators, or developers. The buildings are steps from state government offices, ESP and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

162-170 Jefferson Street

$2,300,000
11 Baths 202622721 MLS
Rare mixed-use investment 1 block from Empire State Plaza! 4 adjoining buildings (162-170 Jefferson St) = 8 apartments + The Palais Royale Bar & Grill, a well-known neighborhood institution. Sale includes the bar, the business & all FFE. Full kitchen w/ halon fire suppression. 162: 2 units/3BR. 164: Palais Royale + 1BR apt above. 166: 2 units/2BR. 168: 3 units -- 2 upstairs apts (3BR total) + open 1,860 SF ground-floor commercial space (currently owner's residence) featuring hardwoods, a private bar & high ceilings. 168 is zoned mixed use commercial so someone could be creative with that space. Coffee shop/bakery? Ideal for investors, owner-operators, or developers. Near to state government offices and the NYS Museum. Don't miss this rare downtown Albany assemblage that includes a beloved piece of Albany history.

162-170 Jefferson Street

$369,900
3 Beds 2 Baths 202622543 MLS
Move right into this beautifully updated 3-bedroom, 2-bath home in the heart of Albany! Ideally located just minutes from downtown, area hospitals, schools, shopping, restaurants, and major highways, this home offers the perfect combination of comfort, style, and convenience. Inside, you'll find gleaming hardwood floors throughout and a modern kitchen with maple cabinetry that flows seamlessly into the dining area--ideal for everyday living and entertaining. A sliding glass door with built-in blinds opens to the fully fenced backyard, creating a private outdoor space perfect for relaxing, hosting family and friends, or letting pets play. Sunlight pours into the home, enhancing the bright, inviting living spaces and spacious bedrooms. The updated bathroom features heated ceramic tile flooring for an added touch of luxury. Additional highlights include forced air natural gas heat, central air conditioning, and public water and sewer. This truly move-in-ready home is one you won't want to miss!

25 Edgecomb Street

$225,000
4 Beds 4 Baths 202622461 MLS
Deadline for offers, Tuesday, September 8th at 6pm.** This award-winning historic residence is the proud recipient of the Historic Albany Foundation's Preservation Merit Award. Meticulously renovated and tastefully updated within the past five years, this turnkey property seamlessly blends timeless architectural character with today's modern comforts. Extensive improvements include updated roof, electrical, plumbing, and mechanical systems, offering peace of mind for years to come. The owner's residence welcomes you with a bright and inviting living room featuring beautifully refinished hardwood floors, a gracious center dining room highlighted by a handsome traditional staircase, and a stunning gourmet kitchen complete with a center island, granite countertops, stainless steel appliances, and an atrium door leading to a private balcony with stairs to a fully fenced crushed-stone courtyard--an ideal outdoor retreat. A convenient powder room with a window completes the main level. Upstairs, the spacious primary suite features a charming bay window and a private en-suite bath. Two additional rear bedrooms, a well-appointed hall bath, and a conveniently located laundry alcove complete the second floor. The garden level offers an excellent income-producing opportunity or guest accommodations with a separate apartment featuring a combined kitchen and sitting area, rear bedroom with direct access to the private courtyard, and a full bath. Estimated rental income is $900+ per month. Additional features include a sub-basement beneath the front portion of the building with crawl space. Situated on a corner lot, the home enjoys exceptional natural light throughout. Just steps from the restaurants, cafés, shops, parks, entertainment and cultural attractions. Move-in ready and offering the perfect combination of historic charm, modern updates, and investment potential.

164 Lark Street

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